MetaTrader 5

[Alpari UK]

Hi Babypips traders,

Has anyone tried Alpari (UK)’s MetaTrader 5 since its launch a few days ago?

Would love to hear about your experiences so far.

Cheers,

Alex

[bangbangyourdead]

Hi Alex

MT5 offers STP.
The minimum lot size traded on MT5 is 0.01
This is an extremely small volume to be traded at IB.

Q1.How does Alpari define its use of the term STP?
Q2. Can you explain the process of a 0.01 lot market order being processed straight through?

A lot of people have their codes in MT4 language but it will take time and effort to convert to MT5.
Q3. Why is Alpari cutting out the MT4 users from this account type?

Q4. Can we hedge using MT5?

Thanks again for your time

[Alpari UK]

Hi Alex

MT5 offers STP.
The minimum lot size traded on MT5 is 0.01
This is an extremely small volume to be traded at IB.

Q1.How does Alpari define its use of the term STP?
Q2. Can you explain the process of a 0.01 lot market order being processed straight through?

A lot of people have their codes in MT4 language but it will take time and effort to convert to MT5.
Q3. Why is Alpari cutting out the MT4 users from this account type?

Q4. Can we hedge using MT5?

Thanks again for your time

Hi BBYD,

Thanks for your post.

We’ve compiled a list of answers to questions such as yours, on our most frequent customer queries page.

If you can’t find the information you’re looking for please contact our Client Services between 07.00-22.00, Monday to Friday on +44 (0)20 7426 2900 or via email on support@alpari.co.uk


Alex

________
Alexander Chadwick
Alpari (UK) Representative

[bangbangyourdead]

Thanks for this Alex

The FAQs answers my last question only.

On a previous topic you told me that small orders (like 0.01 lots) cannot get processed at interbank. Sure this makes sense.

But now Alpari confirms ECN with orders of 0.01 lots via MT5

I'll ask again

Q1.How does Alpari define its use of the term STP?
Q2. Can you explain the process of a 0.01 lot market order being processed straight through?

A lot of people have their codes in MT4 language but it will take time and effort to convert to MT5.
Q3. Why is Alpari cutting out the MT4 users from this account type?


Can you publicise your answers rather then redirecting me to personal emails.

Many thanks

[Alpari UK]

Thanks for this Alex

The FAQs answers my last question only.

On a previous topic you told me that small orders (like 0.01 lots) cannot get processed at interbank. Sure this makes sense.

But now Alpari confirms ECN with orders of 0.01 lots via MT5

I'll ask again

Q1.How does Alpari define its use of the term STP?
Q2. Can you explain the process of a 0.01 lot market order being processed straight through?

A lot of people have their codes in MT4 language but it will take time and effort to convert to MT5.
Q3. Why is Alpari cutting out the MT4 users from this account type?


Can you publicise your answers rather then redirecting me to personal emails.

Many thanks

BBYD,

Posts on the forums such as why broker X cuts out user Y or basic definitions of how broker X defines term Y, are often traps for endless arguments where the person will ultimately ignore the answer.

I sincerely wish you all the best with your trading and your brokerage firm. This will be my last reply to you. If in the future you have specific questions, please contact our Client Services between 07.00-22.00, Monday to Friday on +44 (0)20 7426 2900 or via email on support@alpari.co.uk. Please do remember to quote your account number.

Alex

________
Alexander Chadwick
Alpari (UK) Representative

[bangbangyourdead]

Thanks Alex for your time again.


I'm not the competition (as you imply) as my post was a theoretical debate on the pros and cons of a trade union, but if you feel some sort of heat well that's just frankly encouraging.

Actually Swiss regulators have strict regulations for STP and it is clearly defined by them.

I just think Alpari is using the term STP liberally to attract unwitting investors.

There is no definition or statistical evidence that Alpari actually provide STP for MT5.

I believe your "STP" for MT5 will have all the same slippage issues and conflicts of interests that occurs with in -house market making.

Toxic Orders in Forex - YouTube


We're not having a debate on loose philosophical theories here.

Alpari is offering a product that it refuses to define in any way despite promoting its product as having superior liquidity as implied by the term STP.

Alpari's STP isn't even mentioned in your T&Cs and it certainly does not describe execution policy as being any different to non STP.

Any witty investor will hopefully question your "STP" concept. Those that don't clearly have a lack of due dilligence concern.

I suppose its just another grey area of finance that exists in those bucket shops around EC2.

Thanks Alex

[Alpari UK]

No commission charged for trades opened and closed by 1 July 2012. From 2 July 2012 commission charges will apply.*




Alex

________
Alexander Chadwick
Alpari (UK) Representative

[financial wave rider]

i have been practising on the alpari demo and i like it, i was just wondering as im new to this, will the commissions be taken out of my account balance immediately when i open a trade and then when i close it? if i make a 0.50 trade on one of the majors how much money would that be to open up that trade and close it? thank-you

[Alpari UK]

i have been practising on the alpari demo and i like it, i was just wondering as im new to this, will the commissions be taken out of my account balance immediately when i open a trade and then when i close it? if i make a 0.50 trade on one of the majors how much money would that be to open up that trade and close it? thank-you

Hi financial wave rider,

Thank you for your post.

This is currently under discussion. We’ll have an update shortly.

Alex

________
Alexander Chadwick
Alpari (UK) Representative

[financial wave rider]

hello any news yet? Hi financial wave rider,

Thank you for your post.

This is currently under discussion. We’ll have an update shortly.

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